Funds advised by Apax Partners has acquired a majority stake of Herjavec Group, an award-winning global managed security services provider and cyber operations leader. Founder & CEO, Robert Herjavec, will remain as a significant stakeholder and the firm’s chief executive officer.
Rohan Haldea, partner at Apax Partners, said: “Under Robert’s leadership, HG has grown into an impressive business, providing critical cybersecurity solutions with a special focus on customer service. In an increasingly complex cybersecurity and IT market, where we are seeing ever more sophisticated cyber-crime, HG is a trusted partner that relieves the burden from internal enterprise security teams. We are excited to partner with Robert and team as we look to drive the business forward, investing in continued product innovation and growth acceleration while maintaining the company’s number one priority: customer centricity.”
Dentons US LLP is serving as legal counsel to Herjavec Group and Kirkland & Ellis LLP is serving as legal counsel to Apax. Momentum Cyber is serving as financial advisor to Herjavec Group in connection with the transaction. UBS Investment Bank and Stifel are serving as financial advisors to Apax.